News release: “The Financial Stability Report is published half-yearly by Bank staff under the guidance of the Banks Financial Stability Board. It aims to identify the major downside risks to the UK financial system and thereby help financial firms, authorities and the wider public in managing and preparing for these risks. The Report starts with an Overview of key developments affecting the UK financial system. This is followed by four sections:
- Shocks to the UK financial system – assessing how macroeconomic and financial developments over the past six months have affected risks to the UK financial system;
- Structure of the UK financial system – looks at changes in the structure of the system over this period;
- Prospects for the UK financial system – provides the Bank’s assessment of key vulnerabilities in the light of those developments;
- Mitigating risks to the UK financial system – links this risk assessment to the mitigating actions that might be undertaken.”
Financial Stability Report, 28 October 2008, Issue 24
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